CoinDesk

Payments-focused cryptocurrency XRP (XRP) has surged 12% over the past 24 hours, outperforming both bitcoin (BTC) and ether (ETH). This double-digit gain has lifted XRP’s price to $3.32, its highest level since July 28. The price upswing has been underpinned by sophisticated, anticipatory block option trades on Deribit, involving a bullish bet on volatility. Block … Read more

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Manufacturers of bitcoin (BTC) mining equipment won’t be feeling the pinch … Read more

The U.S. Securities and Exchange Commission’s 2020 lawsuit against Ripple Labs is officially over, after the two parties informed the Second Circuit Court of Appeals that they were voluntarily dismissing their respective appeals of a 2023 ruling in the case. The SEC and Ripple will each bear their own costs, the filing said on Thursday. … Read more

U.S. President Donald Trump has signed an executive order to allow crypto investments in 401(k) retirement plans, opening the gates for millions of dollars to flow into the asset class. The order, which also allows for private equity investments, is poised to dramatically widen the scope of what retirement plan providers can direct funds to. … Read more

Having tumbled to below $112,000 at one point a few days ago, bitcoin (BTC) has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July. First giving a boost the crypto market overnight was news about President Trump’s intention to sign an executive … Read more

Two Seas Capital, the third largest shareholder in Core Scientific (CORZ) with a 6.3% stake, has come out against the bitcoin miner’s proposed all-stock acquisition by AI cloud provider CoreWeave (CRWV). In a letter published Thursday, Two Seas said it intends to vote against the deal, which was announced July 7, and plans to rally … Read more

Technical Analysis Shows Strong Bullish Momentum ATOM posts volatile trading in the final hour from 13:06 to 14:05 on August 7. Price climbs from $4.41 to $4.43 peak at 13:40 before sliding back to $4.41. Net decline hits 0.02%. Volume spikes to 37,187 units at 13:39, pushing price above $4.42 resistance. New resistance forms at … Read more

SharpLink Gaming (SBET), a Nasdaq-listed ether treasury firm, said it has raised $200 million to buy more ether (ETH) in expectation of boosting its holdings to more than $2 billion worth of the second-largest cryptocurrency. The Minneapolis-based company entered into a securities purchase agreement with four institutional investors to raise the capital through a direct … Read more

NEAR Protocol climbed 5% from $2.47 to $2.60 in the 24-hour period ending 7 August at 14:00 UTC, exhibiting strong resilience amid broader market turbulence. Institutional accumulation helped fuel a recovery rally after early-session lows, with price action coalescing between $2.48 and $2.52 before a sharp upside break around 10:00 UTC, supported by 3.36 million … Read more

Popular memecoin PEPE has risen more than 5% over the last 24 hours, powered by a high-volume breakout that helped the token’s price surge above a recent resistance level. The upward trend formed on a series of higher lows, a sign of sustained buying interest, according to CoinDesk Research’s technical analysis data model.. Volume spikes … Read more

Polkadot’s DOT rose as much as 4% in the last 24 hours, climbing from $3.65 to $3.80 on institutional buying, according to CoinDesk Research’s technical analysis model. The model showed that the breakout accelerated between 10:00-11:00 GMT as price rose from $3.68 to $3.79. Volume spiked to 5.29 million units, nearly 3x the daily average … Read more

In today’s Crypto for Advisors newsletter, Alex Tapscott, explains the flywheel effect, and it’s impact on the crypto markets. Then, Natalie Hirsch from Polymath answers questions about questions about investing in public crypto companies in Ask an Expert. Thank you to our sponsor of this week’s newsletter, Grayscale. For financial advisors: register for the upcoming Minneapolis … Read more

New York’s top financial regulator has fined Paxos, a New York City-based stablecoin issuer, $26.5 million for “systemic failures” in its compliance and anti-money laundering programs, including a past partnership with global crypto exchange Binance, according to a Thursday announcement. In addition to the fine, Paxos agreed to spend another $22 million improving its compliance … Read more

BNB hovered near $780 after a sharp rally earlier in the day gave way to selling pressure. The cryptocurrency advanced roughly 1.3% over the past 24-hour period, with a small pullback over the last few hours. The token is now hovering around $776. Earlier in the session, a surge in trading volume pushed BNB to … Read more

Exchange-traded fund (ETF) provider ProShares has launched a new product that aims to double the daily performance of Circle’s (CRCL) stock, giving traders a way to make leveraged bets on one of the most prominent companies in crypto finance. The ProShares Ultra CRCL ETF (CRCA) began trading Thursday, just weeks after Circle went public on … Read more

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3923.39, up 2.4% (+92.5) since 4 p.m. ET on Wednesday. All 20 assets are trading higher. Leaders: SUI (+6.3%) and POL (+6.2%). Laggards: LTC (+0.0%) and BTC (+0.9%). The … Read more

Chainlink has launched a new on-chain reserve, called the Chainlink Reserve, designed to funnel enterprise demand into its native LINK token, the company announced Thursday. The reserve accumulates LINK using revenue from both fees paid by large institutions for Chainlink’s services and on-chain usage fees from decentralized applications, the company said in a press release, … Read more

The growth of decentralized finance (DeFi) and asset tokenization continues to underwhelm, JPMorgan’s Nikolaos Panigirtzoglou said in a research report Wednesday, citing the stagnant recovery since the 2022 crypto winter. Total Value Locked (TVL) in DeFi remains below 2021 highs, with most activity still driven by crypto-native and retail users, the report noted. Institutional adoption … Read more

Ripple is buying Rail, a stablecoin payments platform, for $200 million, Reuters reported on Thursday. The deal is likely to close in the fourth quarter of this year, the report added. Rail is a Toronto-based payments platform backed by Galaxy Ventures and Accomplice. The Rail acquisition is a way for Ripple to delve deeper into … Read more

Leading stablecoin issuer Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading a €30 million (about $35 million) investment round to support the exchange’s growth in Europe and Latin America. Bit2Me said it recently became the first Spanish-speaking fintech to be authorized by Spain’s securities regulator under the EU’s new MiCA framework. … Read more

The revived Salomon Brothers announced on Thursday that it has completed the process of inserting OP_Return notices to bitcoin (BTC) wallets assumed to have been abandoned. According to a press release shared with CoinDesk, the New York-based investment bank are sending the notices to prevent “rogue states and criminal organizations with significant resources” from potentially … Read more

By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin (BTC) rose to the highest this month, touching $116,430 and establishing itself more firmly above the $115,000 level on renewed demand for risk assets as the implications from Friday’s weaker-than-expected jobs market data sink in. The Federal Reserve is now widely expected to cut rates … Read more

U.S. president Donald Trump is set to sign a an executive order that aims to allow cryptocurrency, private equity and real estate in 401(k)s, according to Bloomberg. While the details of the directive remain under wraps, sources familiar with the matter told Bloomberg that the order would direct the Department of Labor to ease fiduciary … Read more

BOB, a bitcoin (BTC) decentralized finance (DeFi) protocol combining the security of Bitcoin with Ethereum’s DeFi capabilities, has raised $9.5 million in a strategic funding round. The investment bring BOB’s (“Build on Bitcoin”) total funds raised to $21 million, following previous raises in 2024. The latest raise will be used to fund BOB’s vision of … Read more

Over $1 million has been siphoned from unsuspecting crypto users through malicious smart contracts posing as MEV trading bots, according to a new report by SentinelLABS. The campaign leveraged AI-generated YouTube videos, aged accounts, and obfuscated Solidity code to bypass basic user scrutiny and gain access to crypto wallets. Scammers appeared to be using AI-generated … Read more

KakaoBank is preparing to enter South Korea’s fast-growing stablecoin sector, according to local reports. In its first-half earnings call on Tuesday, KakaoBank CFO Kwon Tae-hoon said the firm is “actively considering” roles in both stablecoin issuance and custody, with participation aligned to the country’s shifting digital asset policies. “We plan to engage actively in line … Read more

XRP rose 3% in the 24 hours through August 7, advancing from $2.91 to as high as $3.02 before closing at $2.98. The move broke through multiple short-term resistance levels and coincided with high-volume buying activity, particularly on Korean exchanges. Technical momentum aligns with key macro developments: the U.S. Securities and Exchange Commission is set … Read more

The crypto market cap is holding within a tight $3.6 trillion–$3.8 trillion range as traders pull liquidity and shift focus to micro-cap tokens in the first week of August, with some warning of a summer lull to continue. Bitcoin (BTC) tested its 50-day moving average again on Tuesday, signaling exhaustion, while broader market capitalization remains … Read more

Bitcoin’s (BTC) volatility meltdown continues as the cryptocurrency remains stagnant, with slow price action between $110,000 and $120,000. The cryptocurrency’s 30-day implied volatility, as represented by Volmex’s BVIV index, fell to an annualized 36.5% late on Wednesday, reaching levels last seen in October 2023, when BTC was trading below $30,000, according to data source TradingView. … Read more

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin (BTC) is treading water around $115K Thursday morning in Asia, … Read more